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Author Topic: The Depardieu Revolution (That's the guy who fled France after 75% tax on rich)  (Read 691 times)
MCWAY
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« on: January 01, 2013, 01:25:45 PM »

More of the leftist mindset that you serve government FIRST (your wife and kids are afterthoughts).

The Depardieu Revolution
By Pat Buchanan  

When Socialist President Francois Hollande took office, he swiftly made good on his pledge to raise the top tax rate on Frenchmen who earn a million euros a year -- to 75 percent.

The regime would now confiscate three of four dollars that the most successful Frenchmen earned. Paris also imposes a wealth tax on assets worth more than $1.7 million.

This broke it for Gerard Depardieu, the famed actor and bon vivant who has performed in scores of films in such roles as Jean Valjean in "Les Miserables" and Cyrano de Bergerac.

Depardieu put his Paris mansion up for sale, crossed the border into the Belgian village of Nechin, gave up his French passport and is renouncing his French citizenship. A tiny community of French already reside in Nechin, a kilometer beyond the reach of Hollande's tax police.

Depardieu says that this past year 85 percent of all he earned went for taxes. Over a 45-year career, he contends, almost $200 million in income has been taxed away by the French government.

"I don't like the rich," Hollande has said.

The sentiment is reciprocated. One French radio station claims that 5,000 French citizens have fled since he took office.

Hollande's regime, writes Edward Cody of The Washington Post, has all but declared Depardieu a traitor. Labor Minister Michel Sapin calls him an example of "personal degradation." Culture Minister Aurelie Filippetti charges him with "deserting the battlefield in a war against the economic crisis."

"When someone loves France, he should serve," says Hollande, calling Depardieu "pathetic" and "unpatriotic."

Which raises a question for Americans. For our revolution was born of a tax rebellion against the Stamp Act, the Townshend duties and the tea tax that led to the Boston Tea Party.

Purpose of these taxes: Have the colonies pay a fair share of the cost of the French and Indian War, in which British soldiers had driven the enemies of the colonies out of the Ohio Valley.

But when farmers in Pennsylvania rebelled against a whiskey tax to defray the cost of our Revolutionary War, President Washington marched out with 13,000 militia to crush that tax rebellion.

While the socialist left has come down hardest on Depardieu, he is well within a tradition of the cultural left.

As The Associated Press' Thomas Addison reports, when the British top tax rate was 95 percent in the 1960s, the Beatles' George Harrison wrote "Taxman" with the lyrics, "There's one for you, 19 for me."

In 2005, Beatles' drummer Ringo Starr moved to Monaco, where the income tax rate is zero.

Sean Connery, the first "James Bond," departed Britain in the 1960s for Spain and the Bahamas, writes Addison, "another spot with zero income tax." In the 1970s, his successor as 007, Roger Moore, also chose tax exile in Monaco. In those years of confiscatory tax rates in England, the Rolling Stones relocated to Southern France.

What does this teach us?

That socialism, the forced redistribution of income and wealth from those who produce it to those who do not, eventually forces a man to choose between himself and his family -- and his government.

Socialism creates and exacerbates a conflict in loyalties. A regime that takes three of every four dollars a man earns is an enemy of what that man works to accomplish for himself and his family.*

Mitt Romney was castigated for keeping bank accounts in the Caymans, Bermuda and Switzerland. Yet countless U.S. companies leave profits abroad to evade U.S. taxes.

Californians flee to Nevada, Arizona, Idaho and Colorado to escape Golden State taxes. Are they disloyal to their home state, or are they doing what is right by their families, their first responsibility?

With federal income taxes on America's most successful rising today to almost 40 percent, New York City residents will also pay a top rate of 12 percent to the state and city plus a 9 percent sales tax on their purchases, plus payroll taxes for Medicare and Social Security, plus property taxes, auto taxes, gas taxes and cigarette taxes.

For many successful Americans, over half of all they earn is now taken by government. And reading The New York Times' year-end editorial, these may soon be seen as the good old days.

The Times urges Obama to consider sweeping new taxes to "reduce income inequality." Among the revenue raisers for which it urges consideration: Almost tripling the capital tax rate to 40 percent, capping deductions for high earners, restoring the estate tax to confiscatory levels, higher tax rates or surcharges on multimillion-dollar incomes and raising the corporate tax rate -- already the highest in the world.

"All that would be only a start," says the Times. A carbon tax, a value-added tax, a financial transactions tax should all be looked at.

Can a man love his country and hate its government? Of course. Ask Alexander Solzhenitsyn. Ask the patriots of '76.

This un-American and egalitarian fanaticism rearing its head today may one day force just such a question upon American patriots.


http://www.realclearpolitics.com/articles/2013/01/01/the_depardieu_revolution__116560.html

*: It also teaches us that, when push comes to shove, rich liberals don't like to play by their own rules when the government comes for their dough.
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« Reply #1 on: January 01, 2013, 02:15:13 PM »

The sooner we collapse the better so a real reckoning and reset can occur.
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« Reply #2 on: January 01, 2013, 07:32:54 PM »

that proposed tax was defeated by the french courts
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« Reply #3 on: January 01, 2013, 07:40:56 PM »

that proposed tax was defeated by the french courts

I doubt those who fled will return en masse, because they know the French government will just take another whack at it.
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« Reply #4 on: January 01, 2013, 07:42:00 PM »

I doubt those who fled will return en masse, because they know the French government will just take another whack at it.
ssssssssssshhhhhhhhhhhhh hhhhhhhhhhhhhhhhhhhhhhhh , the leftist libs think everyone will be a pinata for their garbage 
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« Reply #5 on: January 01, 2013, 09:44:19 PM »

what the article fails to mentions, i think, is graduated rates. they act like a 75% tax rate on millionaires means 3 of every 4 dollars is taken. but thats only on income above a million (exact figure?).  the rates on lower income people are probably quite low. and they get plenty of government handouts, subsidies in the form of healthcare and education in return.  probably much more than what they contribute.
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« Reply #6 on: January 01, 2013, 09:49:33 PM »

what the article fails to mentions, i think, is graduated rates. they act like a 75% tax rate on millionaires means 3 of every 4 dollars is taken. but thats only on income above a million (exact figure?).  the rates on lower income people are probably quite low. and they get plenty of government handouts, subsidies in the form of healthcare and education in return.  probably much more than what they contribute.

So, if you make $40 million dollars, 75% of the $39 million ($29.25 million) gets yanked by the French government?
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« Reply #7 on: January 01, 2013, 09:54:59 PM »

So, if you make $40 million dollars, 75% of the $39 million ($29.25 million) gets yanked by the French government?
math looks good. dont know if thats the actual tax policy over there though.
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« Reply #8 on: January 02, 2013, 05:50:19 AM »

So, if you make $40 million dollars, 75% of the $39 million ($29.25 million) gets yanked by the French government?

no...

there are brackets just like in the US

http://www.french-property.com/news/tax_france/income_tax_rates_2012/

Income tax rates and Thresholds
Income     Threshold                   Tax rate
Up to             6,088                   0%
Between       6,089 - 12,146   5,5%
Between       12,147 - 26,975   14%
Between       26,976 - 72,317   30%
Above           72,317                  41%

Taxe Sur les Hauts Revenus (translates as "tax on high incomes"

Those with an annual income (including income from capital) of between 250,000 and 500,000 will pay an tax of 3% on income between this range, while those with an income above 500,000 will pay at the rate of 4% on any income above the threshold.

The tax is imposed on net income, after determination of the tax liability under the standard scale rates. As a result, its impact will be limited, estimated to affect only around 25,000 taxpayers and costing 400m.



France has a population of 65 MILLION... so 25000/65000000 = 0.038% of the population
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« Reply #9 on: January 02, 2013, 07:12:22 AM »

don't bother mcway with facts,he's fox news smart  Cheesy Cheesy Cheesy Cheesy
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« Reply #10 on: January 02, 2013, 07:24:06 AM »

don't bother mcway with facts,he's fox news smart  Cheesy Cheesy Cheesy Cheesy

The poster boy for buffoonery has returned. Why would the French courts need to strike down that tax rate, in the first place?
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« Reply #11 on: January 02, 2013, 07:28:46 AM »

none of us on here have to listen to hannity you parrot him all day long,oh and i can't forget rush.      fox news smart  Cheesy Cheesy Cheesy Cheesy Cheesy
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MCWAY
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« Reply #12 on: January 02, 2013, 07:29:53 AM »

none of us on here have to listen to hannity you parrot him all day long,oh and i can't forget rush.      fox news smart  Cheesy Cheesy Cheesy Cheesy Cheesy

The only fixated on Hannity is YOU, as this thread has nothing to do with him or Rush.
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blacken700
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« Reply #13 on: January 02, 2013, 07:33:43 AM »

any thread your in has to do with hannity ,your the hannity parrot        fox news smart  Cheesy Cheesy Cheesy Cheesy Cheesy
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« Reply #14 on: January 02, 2013, 07:34:43 AM »

any thread your in has to do with hannity ,your the hannity parrot        fox news smart  Cheesy Cheesy Cheesy Cheesy Cheesy

Wrong again, Speak-N-Spell boy! But, thanks for playing!!
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blacken700
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« Reply #15 on: January 02, 2013, 07:40:14 AM »

mcway= fox news smart
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« Reply #16 on: January 02, 2013, 07:44:27 AM »

mcway= fox news smart

So long as Obamaphone keeps the minutes going each month - the obamamoochers will be happy. 
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MCWAY
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« Reply #17 on: January 02, 2013, 07:46:54 AM »

So long as Obamaphone keeps the minutes going each month - the obamamoochers will be happy.  

More or less, hence I give you the unofficial-official Obama-worshipper theme song:

<a href="http://www.youtube.com/watch?v=SjcjoUaCByo" target="_blank">http://www.youtube.com/watch?v=SjcjoUaCByo</a>

But, to get back on topic, how did this guy get 85% of his dough jacked by the French government, if this tax rates wasn't in effect?

More importantly, why are these rich entertainers (nearly all of whom are liberals) bailing their native lands, if these taxes are such a wonderful thing for their respective countries?
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« Reply #18 on: January 03, 2013, 10:59:24 PM »

Is Buchanan referring to that low class rapist who peed in the aisle of a first class cabin mid flight?  Roll Eyes
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